The euro has slid against the dollar and it is likely it reversed after printing an ending diagonal below an invalidation level. Can it drop past 1.0644 to support the narrative, or will it soar above 1.0806 to a more uncertain path?
WTI oil continued to slightly ascend but its recent decline spells another correction might be coming soon. If 114.55 holds firm without printing a local high above 122, then we need to bring the diagonals out. Otherwise, up we go.
Loonie maintained its bearishness with the impulsive structure suggesting another leg down in the short term. However, will it be one to reverse price action, or to invalidate the main scenario and form an elongated correction?
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Daily Elliott Waves Forecast: EURUSD, USOIL, USDCAD (01.06.22)
The euro has slid against the dollar and it is likely it reversed after printing an ending diagonal below an invalidation level. Can it drop past 1.0644 to support the narrative, or will it soar above 1.0806 to a more uncertain path?
WTI oil continued to slightly ascend but its recent decline spells another correction might be coming soon. If 114.55 holds firm without printing a local high above 122, then we need to bring the diagonals out. Otherwise, up we go.
Loonie maintained its bearishness with the impulsive structure suggesting another leg down in the short term. However, will it be one to reverse price action, or to invalidate the main scenario and form an elongated correction?
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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